Thursday, 17 July 2014

Calls 17-July-2014

As per 1H chart crude turned into bullish trend from my view. Now I expect retracement towards 101.40-35, 101.20-101.10. From that down move I expect min upside 101.59. But if crude crosses, 101.59 before coming down, then it is next wave up, coz it already made low 101.38. Let us wait n watch.

Crude now is in complex/zigzag correction, and anyside breakout will be big.
Sellers SL 101.60/65.
Buyers SL 101.35/30.



6:16 AM
Small Call: Sell Crude between 101.50-101.55, SL 101.65, TGT 101.38-101.35, 101.30-101.20, 101.10-101.

10:50 AM
Sell at CMP 6103, Strict SL 6113, Targets 6094, 6083, 6075, 6067

Investing.com
Jul 17, 2014 01:02AM GMT
As per 1H chart crude turned into bullish trend from my view. Now I expect retracement towards [[101.40-35]], 101.20-101.10. From that down move I expect min upside 101.59. But if crude crosses, 101.59 before coming down, then it is next wave up, coz it already made low 101.38. Let us wait n watch. Small sell can be initiated with strict sl 101.62 for the tgts given above. Cmp 101.5. Best entry .55 if U get, so risk less.

Jul 17, 2014 04:57AM GMT
As per my view, now crude is in complex/zigzag correction, and anyside breakout will be big. Sellers SL 101.60/65. Buyers SL 101.35/30. I expect down move and then a big up move. If crude goes above 101.59, I expect minimum [[102]]. These are just my views. Have given small sell in the morning. Let us see.